**THE CHELSEA SQUARE 1994 TRUST CHARITY NUMBER: 1040479 FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2022** ## **THE CHELSEA SQUARE 1994 TRUST** ## **INDEX TO THE FINANCIAL STATEMENTS** |Page|| |---|---| |1|General Information| |2 - 3|Trustees’ Report| |4|Independent Examiner’s Report| |5|Statement of Financial Activities| |6|Balance Sheet| |7 - 8|Notes to the Financial Statements| |9 - 13|Schedule of Investments| ## **THE CHELSEA SQUARE 1994 TRUST** ## **GENERAL INFORMATION** |Trustees:|PatrickJohn Talbot| |---|---| ||Jonathan Teulon Woods| ||SusanElizabethEvans| ||John Frederick Woods| |Principal Office:|c/o William Sturges LLP| ||Burwood House| ||14 – 16 Caxton Street| ||London| ||SW1H 0QY| |Charity Number:|1040479| |Independent Examiner:|VMR Anderson BA (Hons) FCA DChA| ||Clark Brownscombe| ||2 St Andrews Place| ||Lewes| ||East Sussex| ||BN7 1UP| |Investment Advisers:|Rathbones| ||8 Finsbury Circus| ||London| ||EC2M 7AZ| |Solicitors:|William Sturges LLP| ||Burwood House| ||14 – 16 Caxton Street| ||London| ||SW1H 0QY| |Investment Powers:|The Trust has wide investment powers| Page: 1 ## **THE CHELSEA SQUARE 1994 TRUST** ## **TRUSTEES REPORT** ## **FOR THE YEAR ENDED 5TH APRIL 2022** The trustees have pleasure in submitting their Annual Report and Financial Statements for the year ended 5 April 2022, which have been prepared in accordance with the Charities Act and regulations made thereunder, together with the Charity Commission Statement of Recommended Practice on Accounting for Charities (The SORP). ## **Structure, governance and management** The Chelsea Square 1994 Trust is registered with the Charity Commissioners No. 1040479 and constituted by the Deed of Trust dated 27th July 1994. The Settlement Deed established a general Charitable Trust. The Trustees make regular donations to registered charities. The Trustees do not themselves intend to engage in charitable activities other than the making of charitable donations. ## **Objectives and activities of the charity** The objective of the charity is to provide funds to other charities so that they can carry out their charitable objectives. Fifteen donations were made during the year as disclosed in note 2. ## **Achievements and performance** Total incoming resources were £43,859. Commitments to charitable donations totalled £40,000 with £16,666 being paid in respect of governance costs. Investment gains totalled £148,612 resulting in overall net increase in funds of £135,805. The Trustees’ capital is partly invested in quoted investments whilst the remainder is held in cash. The value of the Trust’s portfolio as at 5 April 2022 totalled £1,823,194 an increase of £124,581 since 5 April 2021. The Trustees have reviewed the portfolio regularly and are satisfied with its performance. ## **Reserves** The Trustees consider their investments as expendable endowments, providing a relatively secure and predictable stream of income from which to make grants. The Trustees aim to distribute a large percentage of the income in each financial year and therefore do not maintain income reserves as such; however, income levels are continually reviewed by the Trustees to ensure that they have sufficient funds to meet their objectives. ## **Investment Policies** The Trustees have delegated their investment power. Investments are managed for them by Rathbones on a discretionary basis having regard to the Trustees' investment policy of maintaining an even balance between income and capital growth with medium-risk profile. The Trustees receive reports and recommendations from their investment advisers on a quarterly basis. Assets have been acquired and disposed of in accordance with the powers available to the Trustees. ## **Plans for the Future** The Trustees are satisfied that their current policies are sufficient to meet their objectives and do not feel that these will be amended in the foreseeable future. They will continue to review the position. ## **Public benefit** The Trustees confirm that they have referred to the guidance contained in the Charity Commissions general guidance on public benefit when reviewing the charity’s aims and objectives and in setting the grant making policy. Page: 2 ## **THE CHELSEA SQUARE 1994 TRUST** ## **TRUSTEES REPORT** ## **FOR THE YEAR ENDED 5TH APRIL 2022** ## **Statement of Trustees' Responsibilities** The Trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Under charity law, the Trustees shall prepare financial statements for each year which show a true and fair view of the structure, aims, objectives, activities and performance of the Charity. In preparing those financial statements, generally accepted accounting practice entails that the Trustees: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities. The Trustees are required to act in accordance with the trust deed and the rules of the charity within the framework of trust law. They are responsible for keeping proper accounting records, sufficient to disclose at any time with reasonable accuracy, the financial position of the charity at that time and enable the trustees to ensure that where any statements of account are prepared by them under the Charities Act, those statements will comply with the requirements of regulations under that provision. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities. Approved by the board of trustees Patrick John Talbot - Trustee Jonathan Teulon Woods - Trustee Susan Elizabeth Evans – Trustee John Frederick Woods - Trustee Date: 21st September 2022 Page: 3 ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CHELSEA SQUARE 1994 TRUST** I report on the financial statements of the Trust for the year ended 5th April 2022, which are set out on pages 5 to 13. ## **Respective responsibilities of trustees and examiner** As the charity trustees of the Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011(‘the Act’). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - (1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or - (2) the financial statements do not accord with those records; or - (3) the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a ‘true and fair view’ which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. VMR Anderson BA (Hons) FCA DChA Clark Brownscombe Chartered Accountant 2 St Andrews Place LEWES East Sussex BN7 1UP Date: 22nd September 2022 Page: 4 ## **THE CHELSEA SQUARE 1994 TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 5TH APRIL 2022** |**Notes**
**Unrestricted**
**Fund**
**Income**
**Unrestricted**
**Fund**
**Capital**
**£**
**£**
**INCOME**
Investments
- Dividends
**27,961**
**-**
- Fixed interest
**3,516**
**-**
- Interest
**3**
**-**
- Overseas interest
**3,960**
**-**
- Overseas dividends
**2,997**
**-**
- Other income
**1,544**
**-**
- Unit trust interest
**3,878**
**-**
**Total income**
**43,859**
**-**
**EXPENDITURE**
Charitable activities
- Grants
2
**40,000**
**-**
- Legal fees
**2,370**
**-**
- Accountancy fees
**1,260**
**-**
- Investment managers fees
**-**
**13,036**
**Total expenditure**
**43,630**
**13,036**
**229**
**(13,036)**
Gains on investment assets
**-**
**148,612**

Net movement in funds
**229**
**135,576**
**Reconciliation of funds**
Fund balances at 6th April 2021
**(7,102)**
**1,763,073**
**Fund balances at 5th April 2022**
**(6,873)**
**1,898,649**|**Total**
**2022**
**£**
**27,961**
**3,516**
**3**
**3,960**
**2,997**
**1,544**
**3,878**
**43,859**
**40,000**
**2,370**
**1,260**
**13,036**
**56,666**
**(12,807)**

**148,612**
**135,805**
**1,755,971**
**1,891,776**|Total
2021
£
23,169
4,001
18
845
1,311
1,136
3,928
34,408
40,000
2,370
1,336
11,287
54,993
(20,585)
318,276
297,691
1,458,280
1,755,971| |---|---|---| Page: 5 ## **THE CHELSEA SQUARE 1994 TRUST** ## **BALANCE SHEET** ## **AS AT 5TH APRIL 2022** |**Note**
**FIXED ASSETS**
Investments
**3**
**CURRENT ASSETS**
Cash held at NatWest bank
Cash held by solicitors
Cash held by brokers
**CREDITORS:**Amounts falling due within one year
**NET CURRENT ASSETS**
**TOTAL NET ASSETS**
**THE FUNDS OF THE CHARITY**
Unrestricted capital fund
Unrestricted income fund||**2022**
**£**
**£**
**1,823,194**
**41,455**
**1,336**
**30,657**
**73,448**
**(4,866)**

**68,582**
**1,891,776**
**1,898,649**
**(6,873)**

**1,891,776**|2021
£
1,698,613
46,766
-
17,768
64,534
(7,176)
57,358
1,755,971
1,763,073
(7,102)| |---|---|---|---| ||||| ||||
1,755,971| and signed on their behalf by: Patrick John Talbot - Trustee Page: 6 ## **THE CHELSEA SQUARE 1994 TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 5TH APRIL 2022** ## 1. **ACCOUNTING POLICIES** ## **Basis of Accounting** The financial statements have been prepared on an accruals basis in accordance with the Charities Act and regulations made thereunder, together with the Charity Commission Statement of Recommended Practice on Accounting for Charities (SORP). The accounting policies adopted are regularly reviewed to ensure that they remain the most appropriate for the circumstances of this Charitable Trust. The financial statements have been prepared under the historical cost convention, except for investments that are included at valuation. The trust constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern. ## **Assets** Assets are accounted for under the historical cost convention, except for stock market Investments that are valued at market value. ## **Valuation of investments** All the investments held are listed securities and are valued at the mid market value ruling at the accounting date. ## **Income** Income is recognised on a receivable basis. Dividends are included within the financial statements when they are due. ## **Expenditure** Expenditure is recognised on an accruals basis, being included when the liability has been incurred as at the Balance Sheet date. Grants are recognised on an accruals basis, being included when the Trustees have resolved to make such donations by the Balance Sheet date. Amounts included within governance costs are those incurred in relation to the general running of the Charity and the support it requires. They are not related to the direct management function. Page: 7 ## **THE CHELSEA SQUARE 1994 TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 5TH APRIL 2022** |**2. DONATIONS**
A Rocha International
Cheltenham Animal Shelter
Crisis
Ebony Horse Club
Gloucestershire Young Carers
Kings Lynn Winter Night Shelter
Medicins Sans Frontieres
Operation Smile UK
OTR
Oxford Lieder
PACT Animal Sanctuary
Prisoners Education
Refuge
Richmond Mencap
RSPCA
Severn Area Rescue Association
The Mayhew Animal Home
The Watts Gallery Trust
Water Aid
West London Mission
WWF UK
**3. INVESTMENTS**
Market value at 6 April 2021
Acquisitions at cost
Disposals at opening market value
Net gains on revaluations
Market value at 5 April 2022
**Listed investments**
UK quoted fixed interest securities
Non – UK quoted fixed interest securities
UK Quoted shares
Non-UK quoted shares
Alternatives|**2022**

**£**

**2,000**
**-**
**-**
**3,000**
**2,000**
**-**
**3,000**
**-**
**2,000**
**5,000**
**3,000**
**3,000**
**2,000**
**3,000**
**3,000**
**-**
**2,000**
**3,000**
**2,000**
**-**
**2,000**
**40,000**
**2022**

**£**

**1,698,613**
**150,272**
**(171,860)**

**146,169**

**1,823,194**
**£**

**90,344**
**117,281**
**649,514**
**680,766**
**285,289**
**1,823,194**|2021
£
2,000
1,500
1,500
2,500
-
2,000
3,000
2,500
-
4,000
-
3,000
2,000
3,000
2,000
2,000
-
3,000
2,000
2,000
2,000
40,000
2021
£
1,371,378
342,486
(279,896)
264,645
1,698,613
£
91,938
171,572
580,980
611,608
242,515
1,698,613| |---|---|---| Page: 8 ## **THE CHELSEA SQUARE 1994 TRUST** ## **SCHEDULE OF INVESTMENTS** ## **YEAR ENDED 5 APRIL 2022** ||||||**Additions**||**Disposals**||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||**Holding**|**Book**|**Market**||||||**Holding**|**Book**|**Market**| ||**06/04/2021**|**Value**|**Value**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**Profit/(Loss)**|**05/04/2022**|**Value**|**Value**| |||**06/04/2021**|**06/04/2021**|||||||**05/04/2022**|**05/04/2022**| |||**£**|**£**||**£**||**£**|**£**||**£**|**£**| |Aberdeen Standard Life|||||||||||| |Global Index Link Bond|65,000|35,555|39,937|-|-|-|-|-|65,000|35,555|40,118| |Admiral Group|||||||||||| |0.1p Ordinary shares|560|12,932|17,119|-|-|-|-|-|560|12,932|14,353| |Astrazeneca|||||||||||| |US$0.25 Ordinary shares|410|27,037|29,405|-|-|-|-|-|410|27,037|42,369| |Aviva Investors|||||||||||| |Strategic Bond|23,000|24,012|25,452|-|-|-|-|-|23,000|24,012|24,341| |Barings Umbrella Fund|||||||||||| |Debt Bold Return|450|50,398|48,776|-|-|450|37,372|(11,404)|-|-|-| |Blackrock Fund Managers|||||||||||| |European Dynamic|13,000|23,265|32,403|6,000|17,166|-|-|-|19,000|40,431|48,995| |Blackrock Fund Managers|||||||||||| |European Continental Income D|19,000|32,101|33,155|10,000|18,960|-|150|-|29,000|50,911|51,836| |BMO Commercial Property|||||||||||| |1p Ordinary shares|15,000|16,254|10,695|-|-|-|-|-|15,000|16,254|17,400| |BP|||||||||||| |US$0.25 Ordinary shares|5,500|27,115|15,939|-|-|-|-|-|5,500|27,115|21,060| |Bunzl|||||||||||| |32 1/7p Ordinary shares|970|22,758|22,892|-|-|-|-|-|970|22,758|29,876| |Link fund Solutions|||||||||||| |Trojan Inc S|19,405.78|29,714|34,160|-|-|-|-|-|19,405.78|29,714|36,434| |Compass Group|||||||||||| |11.05p Ordinary shares|1,600|26,240|23,920|-|-|600|10,127|1,157|600|16,400|16,465| Page: 9 ## **THE CHELSEA SQUARE 1994 TRUST** ## **SCHEDULE OF INVESTMENTS** ## **YEAR ENDED 5 APRIL 2022** ||||||**Additions**||**Disposals**||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||**Holding**|**Book**|**Market**||||||**Holding**|**Book**|**Market**| ||**06/04/2021**|**Value**|**Value**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**Profit/(Loss)**|**05/04/2022**|**Value**|**Value**| |||**06/04/2021**|**06/04/2021**|||||||**05/04/2022**|**05/04/2022**| |||**£**|**£**||**£**||**£**|**£**||**£**|**£**| |Croda International|||||||||||| |10.609756p Ordinary shares|360|16,899|23,105|-|-|-|-|-|360|16,899|28,901| |Edgewood|||||||||||| |Select Fund US Growth|230|59,925|65,743|50|15,233|-|-|-|280|75,158|87,262| |Experian|||||||||||| |US$ 0.10 Ordinary shares|520|15,913|13,239|-|-|-|-|-|520|15,913|15,376| |Fidelity Investment Services|||||||||||| |Strategic Bond Net|19,000|23,310|24,852|-|-|-|-|-|19,000|23,310|22,990| |Findlay Park|||||||||||| |American Fund Unhedged|420|11,305|50,282|120|15,821|-|-|-|540|27,126|74,066| |Stewart Investors|||||||||||| |Asia Pacific Leaders B|2,700|8,567|25,992|-|63|-|-|-|2,700|8,630|27,229| |Glaxo SmithKline|||||||||||| |25p Ordinary shares|1,300|25,060|16,609|-|-|-|-|-|1,300|25,060|22,149| |Glencore|||||||||||| |US$ 0.01 Ordinary shares|5,000|12,533|14,283|-|-|-|-|-|5,000|12,533|25,840| |GLG Japan|||||||||||| |Core Alpha Prof D Income|8,700|20,442|19,619|-|-|-|-|-|8,700|20,442|20,619| |Gore Street Energy Store|||||||||||| |1p Ordinary shares|7,306|7,306|7,945|7,140|7,283|-|-|-|14,446|14,589|16,223| |HICL Infrastructure|||||||||||| |0.01p Ordinary shares|19,000|31,027|31,350|-|-|9,000|15,588|738|10,000|16,330|18,000| |Home REIT|||||||||||| |1p Ordinary shares|-|-|-|16,000|17,440|-|-|-|16,000|17,440|20,064| |HSBC|||||||||||| |US$0.50 Ordinary shares|4,100|26,365|17,351|-|-|-|-|-|4,100|26,365|21,636| Page: 10 ## **THE CHELSEA SQUARE 1994 TRUST** ## **SCHEDULE OF INVESTMENTS** ## **YEAR ENDED 5 APRIL 2022** ||||||**Additions**||**Disposals**||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||**Holding**|**Book**|**Market**||||||**Holding**|**Book**|**Market**| ||**06/04/2021**|**Value**|**Value**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**Profit/(Loss)**|**05/04/2022**|**Value**|**Value**| |||**06/04/2021**|**06/04/2021**|||||||**05/04/2022**|**05/04/2022**| |||**£**|||**£**||**£**|**£**||**£**|| |iShares|||||||||||| |Physical Gold|-|-|-|1,200|34,699|-|-|-|1,200|34,699|34,392| |Jackson Financial|||||||||||| |Common Stock|-|-|-|47|928|47|935|7|-|-|-| |Janus Henderson|||||||||||| |UK Absolute Return|24,885|23,910|26,652|-|-|24,885|26,876|224|-|-|-| |JP Morgan|||||||||||| |Emerging markets|15,000|31,335|31,455|3,000|5,988|-|47|-|18,000|37,276|31,248| |JP Morgan|||||||||||| |Japan acc|10,000|26,367|38,080|-|-|-|14|-|10,000|26,353|33,440| |JP Morgan|||||||||||| |US Equity Income K|41,000|20,312|53,136|-|-|-|-|-|41,000|20,312|62,320| |Jupiter|||||||||||| |Japan Income|21,000|23,916|24,501|-|-|-|75|-|21,000|23,841|24,587| |Link Ruffer|||||||||||| |Trojan S|12,000|30,077|34,285|4,000|12,620|-|-|-|16,000|42,697|51,394| |Link Ruffer|||||||||||| |Total return Income|16,000|50,860|58,981|-|-|-|-|-|16,000|50,860|61,594| |Lloyds Banking Group|||||||||||| |10p Ordinary shares|56,000|34,054|23,951|-|-|-|-|-|56,000|34,054|25,931| |M&G|||||||||||| |5p Ordinary shares|1,900|3,650|3,979|-|-|-|-|-|1,900|3,650|4,123| |Maitland|||||||||||| |Chelverton UK Equity|27,000|31,289|31,373|-|-|-|-|-|27,000|31,289|31,693| Page: 11 ## **THE CHELSEA SQUARE 1994 TRUST** ## **SCHEDULE OF INVESTMENTS** ## **YEAR ENDED 5 APRIL 2022** ||||||**Additions**||**Disposals**||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||**Holding**|**Book**|**Market**||||||**Holding**|**Book**|**Market**| ||**06/04/2021**|**Value**|**Value**|**Quantity**|**Cost**|**Quantity**|**Proceeds**|**Profit/(Loss)**|**05/04/2022**|**Value**|**Value**| |||**06/04/2021**|**06/04/2021**|||||||**05/04/2022**|**05/04/2022**| |||**£**|||**£**||**£**|**£**||**£**|**£**| |Mayfair|||||||||||| |Property Income Trust|49,426.93|34,754|40,599|-|-|-|-|-|49,426.93|34,754|48,038| |National Express Group|||||||||||| |5p Ordinary shares|2,800|8,436|8,859|-|-|-|-|-|2,800|8,436|6,580| |National Grid|||||||||||| |12.431289 Ordinary shares|2,900|23,870|25,042|-|-|300|3,251|660|2,600|21,401|31,486| |Octopus Renew Infrastructure|||||||||||| |1p Ordinary shares|14,246|14,246|16,383|3,929|4,067|-|-|-|18,175|18,313|20,429| |Picton Property Income|||||||||||| |Ordinary shares|18,000|16,098|15,624|-|-|-|-|-|18,000|16,098|17,820| |Pimco Global Investors|||||||||||| |Global Grade Credit|2,400|32,640|33,096|-|-|-|-|-|2,400|32,640|29,832| |Prudential|||||||||||| |Ordinary shares|1,900|22,870|29,479|-|-|-|-|-|1,900|22,870|21,537| |Reckitt Benckiser|||||||||||| |10p Ordinary shares|390|2,732|25,338|-|-|-|-|-|390|2,732|23,236| |RELX|||||||||||| |14.44p Ordinary shares|1,400|23,164|25,690|-|-|-|-|-|1,400|23,164|34,230| |Rio Tinto|||||||||||| |10p Ordinary shares|590|24,580|32,332|-|-|-|-|-|590|24,580|36,108| |River & Mercantile|||||||||||| |UK Equity Smaller Co|6,000|31,509|40,209|-|-|-|43|-|6,000|31,466|40,588| Page: 12 ## **THE CHELSEA SQUARE 1994 TRUST** ## **SCHEDULE OF INVESTMENTS** ## **YEAR ENDED 5 APRIL 2022** |**Additions**
**Disposals**
**Holding**
**06/04/2021**
**Book**
**Value**
**06/04/2021**
**Market**
**Value**
**06/04/2021**
**Quantity**
**Cost**
**Quantity**
**Proceeds**
**Profit/(Loss)**
**Holding**
**05/04/2022**
**Book**
**Value**
**05/04/2022**
**Market**
**Value**
**05/04/2022**|**Additions**
**Disposals**
**Holding**
**06/04/2021**
**Book**
**Value**
**06/04/2021**
**Market**
**Value**
**06/04/2021**
**Quantity**
**Cost**
**Quantity**
**Proceeds**
**Profit/(Loss)**
**Holding**
**05/04/2022**
**Book**
**Value**
**05/04/2022**
**Market**
**Value**
**05/04/2022**|**Additions**
**Disposals**
**Holding**
**06/04/2021**
**Book**
**Value**
**06/04/2021**
**Market**
**Value**
**06/04/2021**
**Quantity**
**Cost**
**Quantity**
**Proceeds**
**Profit/(Loss)**
**Holding**
**05/04/2022**
**Book**
**Value**
**05/04/2022**
**Market**
**Value**
**05/04/2022**|**Additions**
**Disposals**
**Holding**
**06/04/2021**
**Book**
**Value**
**06/04/2021**
**Market**
**Value**
**06/04/2021**
**Quantity**
**Cost**
**Quantity**
**Proceeds**
**Profit/(Loss)**
**Holding**
**05/04/2022**
**Book**
**Value**
**05/04/2022**
**Market**
**Value**
**05/04/2022**|**Additions**
**Disposals**
**Holding**
**06/04/2021**
**Book**
**Value**
**06/04/2021**
**Market**
**Value**
**06/04/2021**
**Quantity**
**Cost**
**Quantity**
**Proceeds**
**Profit/(Loss)**
**Holding**
**05/04/2022**
**Book**
**Value**
**05/04/2022**
**Market**
**Value**
**05/04/2022**|**Additions**
**Disposals**
**Holding**
**06/04/2021**
**Book**
**Value**
**06/04/2021**
**Market**
**Value**
**06/04/2021**
**Quantity**
**Cost**
**Quantity**
**Proceeds**
**Profit/(Loss)**
**Holding**
**05/04/2022**
**Book**
**Value**
**05/04/2022**
**Market**
**Value**
**05/04/2022**|**Additions**
**Disposals**
**Holding**
**06/04/2021**
**Book**
**Value**
**06/04/2021**
**Market**
**Value**
**06/04/2021**
**Quantity**
**Cost**
**Quantity**
**Proceeds**
**Profit/(Loss)**
**Holding**
**05/04/2022**
**Book**
**Value**
**05/04/2022**
**Market**
**Value**
**05/04/2022**|**Additions**
**Disposals**
**Holding**
**06/04/2021**
**Book**
**Value**
**06/04/2021**
**Market**
**Value**
**06/04/2021**
**Quantity**
**Cost**
**Quantity**
**Proceeds**
**Profit/(Loss)**
**Holding**
**05/04/2022**
**Book**
**Value**
**05/04/2022**
**Market**
**Value**
**05/04/2022**| |---|---|---|---|---|---|---|---| |Shell
€0.07 B Ordinary shares
2,100
Schroder Investment
Asian Income
35,000
Scottish Mortgage & Trust
5p Ordinary shares
4,300
SPDR Series Trust
S&P 500 ETF
550
Treasury
1 ¼% Index Linked Stock
21,000
Treasury
5% Stock
42,000
Unilever
3 1/9p Ordinary shares
580
Vanguard Investments
FTSE 250 UCITS
490
Vodafone Group
US$ 0.2095238 Ordinary shares
14,000
Weir Group
12.5p Ordinary shares
1,100|**£**
50,613
23,585
3,056
126,828
41,280
52,073
23,768
16,768
15,436
15,240
1,465,349|**£**

28,043
-
28,018
-
50,052
-
159,173
-
41,940
-
49,997
-
23,328
-
16,685
-
18,712
-
19,938
-
1,698,613|**£**
-
-
-
-
-
4,300
-
-
-
-
-
-
-
-
4
-
-
14,000
-
-
150,272|**£**
-
-
63,301
-
-
-
-
-
16,525

-
174,304|**£**
-
2,100
-
35,000
13,249
-
-
550
-
21,000
-
42,000
-
580
-
490
(2,187)
-
-
1,100
2,444|**£**
50,613
23,585
-
126,828
41,280
52,073
23,768
16,772
-
15,240
1,483,278|**£**
44,541
28,105
-
191,059
44,092
46,252
20,512
16,231
-
18,194
1,823,194| Page: 13